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IMF DOWNGRADES GROWTH FORECAST FOR 2022 TO 3.6%

The International Monetary Fund (IMF) downgraded its global growth forecast for 2022 to 3.6 percent, according to a newly released update to its World Economic Outlook report. IMF Ukraine's economy will collapse 35 percent this year while Russia will fall 8.5 percent, the IMF said. Inflation is now projected to remain elevated for much longer… Continue reading IMF DOWNGRADES GROWTH FORECAST FOR 2022 TO 3.6%

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IMF TO REVISE FORECAST DOWNWARD OVER UKRAINE WAR, RUSSIAN SANCTIONS

International Monetary Fund (IMF) Director General Kristalina Georgieva said on Thursday that the fund is preparing to revise its forecast for global economic growth downward as a result of the ongoing conflict in Ukraine and the deep sanctions imposed on Russia, but still expects a "positive trajectory" for the world economy. The seal for the… Continue reading IMF TO REVISE FORECAST DOWNWARD OVER UKRAINE WAR, RUSSIAN SANCTIONS

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IMF OFFERS TECHNICAL ASSISTANCE TO CBN ON eNAIRA

The International Monetary Fund, IMF, yesterday, said it will provide technical assistance and policy advice to the Central Bank of Nigeria, CBN, on the evolution of the eNaira.The IMF stated this in a report, titled, “Five Observations on Nigeria’s Central Bank Digital Currency”, stressing that while the e-Naira has the potential for financial inclusion and… Continue reading IMF OFFERS TECHNICAL ASSISTANCE TO CBN ON eNAIRA

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SCANDAL DENTS IMF CHIEF’S IMAGE OF INTEGRITY – REPORT

Bulgaria’s Kristalina Georgieva, whose tenure as head of the IMF remained uncertain Monday amid allegations of data tampering, is described as a respected economist with a strong background in international finance.The 68-year-old took the helm of the Washington-based crisis lender in October 2019 after Christine Lagarde departed to lead the European Central Bank.DCO Global News… Continue reading SCANDAL DENTS IMF CHIEF’S IMAGE OF INTEGRITY – REPORT